DESTINATION XL GROUP, INC. 8K

Destination XL Group, Inc.’s board formally urged stockholders to reject Zodiac Partners II’s revised tender offer of $0.84 per share as undervaluing the company and not in stockholders’ best interests.

On July 8, 2026, Destination XL Group, Inc. announced that its Board of Directors, after consulting external legal and financial advisors, unanimously recommended that stockholders reject Zodiac Partners II, LLC’s revised, unsolicited tender offer to acquire all outstanding DXL shares for $0.84 per share in cash, stating that the modestly increased consideration still undervalues the company, characterizing the offer as highly conditional and opportunistic, and advising stockholders not to tender their shares and that any already-tendered shares may be withdrawn before the offer’s scheduled expiration at 5:00 PM ET on July 24, 2026; the Board’s formal position was set out in a Schedule 14D‑9 filed with the SEC the same day, with Guggenheim Securities as financial advisor, Greenberg Traurig as legal advisor, and Joele Frank, Wilkinson Brimmer Katcher as strategic communications advisor.

Filing Facts

CIK

813298

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-298532

Alert Tier

7